Elnusa secures new contract worth $36.6 million

IDX-listed firm PT Elnusa Tbk has obtained new contracts worth about US$36.6 million to carry out geo-seismic surveys at the company?s parent company Pertamina?s oil exploration projects in West Java and Jambi, Kontan reported on Tuesday.

With the signing of the new contract, Elnusa has secured contracts worth a total of $185.3 million this year, which include carry-over contracts worth $148.7 million and a new contract worth $36.6 million.

The company?s President Director Eteng A. Salam said in Jakarta on Monday that new contracts comprised of a contract worth $30 million to carry out a seismic survey in Pertamina?s oil exploration project in Rengas Dengklok, West Java and a contract worth $6.6 million to carry out a seismic survey at Pertamina?s oil exploration project in Karang Makmur, Jambi.

He said that the seismic survey in Rengas Dengklok had begun in January and was expected to be completed in February, 2010. The seismic survey in Jambi has also started and is expected to be completed in June 2009. (*)